Spend on Citibank or Hospital bill?
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Under these type of conditions, when you can buy so many things cheaply, why would you want to risk your money buying something that might collapse? This is just the beginning of the crisis. It is more than likely they could buy at a much cheaper price. That is why people like Warren Buffet is staying away until the price has fallen much more and / or it is confirmed that the bank is not collapsing.Originally posted by Dr Who:Singapore buys shares in Citibank.......how many billions $$$ ?
But cannot provide cheaper hospital bill......
We save the foreign bank.........we cannot/dunwant save our own sick people.....
WELCOME TO SINGAPORE!
Furthermore, there is no mention at what price they are buying them. Hiding the facts from the people when they are using the people's money to buy.
Only despots that are unaccountable, non-transparent, will lose money left right and center and then say, "long term investment" and like you say, use the people's money to save foreign banks but cannot use the money they took from the people to save the people!
While they can take massive amounts of public money for their salaries.
Despots! -
This new bunch of despots are a bunch of dishonorable gambling addicts.
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They could for example, buy cheaply into INTEL CORP when Intel's share prices fall much more during the recession... you know INTEL? The computer you are using to surf the net, more than likely comes with an Intel processor inside.
...But the despotic gambling addicts have to rush in and buy Barclays of London, Citigroup, UBS when these banks could very well collapse or their share prices collapse to become penny stocks.
Despots. Desperate gambling addicts. -
1.I am wrong.Under PAP,there will be 9 years.Originally posted by maurizio13:Are you sure $300 billion will only get a few years of tax break?
Tsk tsk tsk, never do research on our total tax revenue.
Under CSJ,..... -
was having breakfast at teck ghee this morning, approached by a senior citizen mumbling, most likely a stroke patient, pushing a wheel chair asking for money...of course i did not give thinking what the billions of $ can be done for our citizens in sg and also in a famous MP constituency
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This is what happens when you are ruled by despots.Originally posted by dragon_stone:was having breakfast at teck ghee this morning, approached by a senior citizen mumbling, most likely a stroke patient, pushing a wheel chair asking for money...of course i did not give thinking what the billions of $ can be done for our citizens in sg and also in a famous MP constituency -
... they happily take massive amounts of public money for their own salaries... and the people can suffer with illnesses for all they care... Despots
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One is a bottomless pit hole and the other a potential pig farm. So in a way, i agree with the decision made. Dun think there is anything wrong with investment by the country.
The only thing lacking with our government is moral values which explain the high cost in basic necessity, such as transportations, healthcare, education, taxes, gst, price hike, fast inflation, etc.
Neither is the accumulated wealth from public money ever shared, but into ones own pocket (high self proclaim salary). -
Immoral Despots... that works too...
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Health care no neeed money ,hah???
Money drop from sky,hah???
Dont invest ... how to make money grow???
if our money lost, then, we can go
or else, just treat those money invested for the next generation...
like wat our forefathers did for us... -
SG is risking about everything I know of. For what reasons, god knows it. Think on the good side, it's for us. Think on the bad side, it's for themselves.
I reckon one day SG will fall if this goes on. -
...could it be that the immoral despots are gambling addicts in disguised?Originally posted by ndmmxiaomayi:SG is risking about everything I know of. For what reasons, god knows it. Think on the good side, it's for us. Think on the bad side, it's for themselves.
I reckon one day SG will fall if this goes on. -
...and that's what the gambling addicts I interviewed for my book said... they took all those risks for the sake of their children...Originally posted by ispyyy:Health care no neeed money ,hah???
Money drop from sky,hah???
Dont invest ... how to make money grow???
if our money lost, then, we can go
or else, just treat those money invested for the next generation...
like wat our forefathers did for us... -
Originally posted by AndrewPKYap:...and that's what the gambling addicts I interviewed for my book said... they took all those risks for the sake of their children...
No risk --- No gain ---
If u absolutely dont 1 risk, dont live -
honestly speaking, its a damn good deal.
no forced conversion, and they receive interest on the bond...
so if citi prices keep falling, they are just like a creditor.
but in the event of citi improving, beyond the strike price, they can convert and enjoy entry at lower price.
i also wish i can invest in citi at such terms. -
There is difference between taking risk intelligently and taking stupid risks over and over again.Originally posted by ispyyy:
No risk --- No gain ---
If u absolutely dont 1 risk, dont live
Are you willing to take the risk of swimming in shark infested waters? If you say no then 'If u absolutely dont 1 risk, dont live?' -
... and you would have missed good opportunities to buy low and invests in good companies like INTEL Corp with the falling US markets.Originally posted by pwnz0r:honestly speaking, its a damn good deal.
no forced conversion, and they receive interest on the bond...
so if citi prices keep falling, they are just like a creditor.
but in the event of citi improving, beyond the strike price, they can convert and enjoy entry at lower price.
i also wish i can invest in citi at such terms.
What if CITIgroup fails and the US government bails them out but on condition that the their creditors write off most of their debts?
With the falling US dollars, how much money had 'the good deal' lost? -
then in these case,Originally posted by AndrewPKYap:There is difference between taking risk intelligently and taking stupid risks over and over again.
Are you willing to take the risk of swimming in shark infested waters? If you say no then 'If u absolutely dont 1 risk, dont live?'
"if our money lost, then, we can go
"
or else, we have nothing to talk abt... -
They save and save, invest and invest....
save until AD 2050 is it? AD 3050 ? By the time, we would be Dead..........no use already.......
WHEN ARE THEY GOING TO SPEND our MONEY on ourselves, our healthcare etc?
or wait till 3 generations to come? by that time foreigners take over......our PM from PRC..... -
Originally posted by Dr Who:WELCOME TO SINGAPORE!
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Dont noe... No1 noes the futureOriginally posted by Dr Who:They save and save, invest and invest....
save until AD 2050 is it? AD 3050 ? By the time, we would be Dead..........no use already.......
WHEN ARE THEY GOING TO SPEND our MONEY on ourselves, our healthcare etc?
or wait till 3 generations to come? by that time foreigners take over......our PM from PRC.....
But assuming Singapore last forever, Yeah... by the time we use it , we would be dead by then...
can see but cant touch
Dont bother think abt it -
dun believe we can get it back, not in my generation, this amount is to cover part of citi's write-offOriginally posted by AndrewPKYap:... and you would have missed good opportunities to buy low and invests in good companies like INTEL Corp with the falling US markets.
What if CITIgroup fails and the US government bails them out but on condition that the their creditors write off most of their debts?
With the falling US dollars, how much money had 'the good deal' lost?
with this kind of money compared to our GDP, SG should be able to lease a piece of land as big as our present land size in the US and convert those US ppl to our red passports
...and why dun we buy part of USA
...now that's REAL GLOBALIZATION that the gahmen always wanted -
God knows.Originally posted by AndrewPKYap:...could it be that the immoral despots are gambling addicts in disguised?
If something good does come out of this, it will be politics. -
One simple example, no money to give to the old and sick, but have enough to rise their own salary and left over spare used in the name to invest.Originally posted by ispyyy:Health care no neeed money ,hah???
Money drop from sky,hah???
Dont invest ... how to make money grow???
if our money lost, then, we can go
or else, just treat those money invested for the next generation...
like wat our forefathers did for us...
If the government is like the head of ur home, ie. ur dad/mum, and the citizen, the family member. How would u feel if ur dad/mum rather spend the money to invest, buy car (using his pay) rather then to pay for ur granny hospital bill or ur education fees?
Wouldnt the logical order be, paying for ur granny bills 1st, then ur education, then invest... and lastly, if there is spare left, self rewarding?
This the kind of so call s'porean family (country) we lived in. -
so sad but true...looks like i will use the money to invest some bank shares and forget about the wheelchair and maid for my ailing parentOriginally posted by EarlNeo:One simple example, no money to give to the old and sick, but have enough to rise their own salary and left over spare used in the name to invest.
If the government is like the head of ur home, ie. ur dad/mum, and the citizen, the family member. How would u feel if ur dad/mum rather spend the money to invest, buy car (using his pay) rather then to pay for ur granny hospital bill or ur education fees?
Wouldnt the logical order be, paying for ur granny bills 1st, then ur education, then invest... and lastly, if there is spare left, self rewarding?
This the kind of so call s'porean family (country) we lived in.